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    India-New Zealand trade pact to come into force on Oct 20: Goyal
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September 21, 2026
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Tariff sanctions and AI trade consultations examine reciprocal tariff reduction amid energy-purchase measures and objections to unilateral sanctions.
Expanded sanctions and tariff measures form the immediate trade-policy backdrop. The Lindsey O. Graham Sanctioning Russia and Iran Act of 2026 authorises expanded sanctions and tariffs targeting Russia and countries that buy its energy exports. China contests the application of tariffs to its purchases and opposes long-arm jurisdiction and unilateral sanctions asserted without a basis in international law or a UN Security Council mandate. Parallel negotiations contemplate a reciprocal tariff-reduction arrangement.
September 21, 2026
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Rupee appreciation in early trade reflects lower crude prices and stronger domestic equities despite dollar demand.
Rupee appreciation in early interbank trading saw the currency strengthen by 24 paise to 95.72 per US dollar. Lower Brent crude prices, gains in domestic equities and improved foreign fund sentiment supported the currency, while importer demand for dollars and broader US-dollar strength limited gains. Market commentary identified a broad near-term trading range, and foreign-exchange reserves declined because foreign-currency and gold reserves fell.
September 21, 2026
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Digital signature compatibility requires updated signing software for newly issued tokens, while functioning existing certificates remain usable until expiry.
Digital-signature users with tokens issued on or after 21 September 2026 must install emSigner v3.3, while users whose existing certificates and tokens function normally may retain their current version. Version 3.3 supports existing tokens and is required where signing fails or certificates cannot be selected despite correctly installed drivers. Certificates downloaded to FIPS 140-2 dongles on or before that date remain valid until expiry; later renewal or fresh issuance generally requires FIPS 140-3 dongles, subject to specified exceptions.
September 21, 2026
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Private capital mobilisation for development financing requires predictable investment conditions, credible projects, fiscal transparency, and strengthened State capital expenditure.
Development financing for Viksit Bharat is framed as a joint Union-State and private-sector task requiring higher savings and investment, fiscally resilient public finances, and mechanisms to mobilise private capital. Fiscal sustainability requires State-wise debt assessments and fuller disclosure of off-budget borrowings, guarantees, arrears and borrowings through State-owned entities. Public resources are expected to play a catalytic role in attracting private investment, supported by predictable rules, enforceable contracts, faster dispute resolution and stronger investment protections.
September 21, 2026
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PMLA-IBC interface examines challenges in harmonising insolvency resolution with money-laundering asset attachment, investigation, tracing and enforcement.
The PMLA-IBC interface addresses reconciliation of insolvency resolution with anti-money-laundering enforcement where corporate debtor assets are attached during resolution. Section 32A is central to this interaction, although harmonised implementation remains challenging. The framework also considers money-laundering stages, hawala transactions, financial investigation, asset tracing, and evolving judicial approaches to aligning insolvency objectives with enforcement measures.
September 21, 2026
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Evolving insolvency law relies on legislative amendments and regulatory mechanisms to respond effectively to changing market conditions.
Subordinate legislation and regulatory mechanisms are important tools for maintaining responsiveness within the insolvency framework. Regulations may be framed for provisions of the Code and for fulfilment of its purposes and objectives, enabling practical responses to emerging issues. The interaction between primary legislation, regulations and market developments supports continuing refinement of insolvency law in line with changing conditions.
September 20, 2026
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Tariff policy and trade truce reshape bilateral engagement as rare-earth leverage limits coercive economic measures.
United States-China trade relations are being conducted through continued tariff policy, prior export restrictions, and a trade truce after escalating tariffs did not achieve their intended effect of changing Chinese economic conduct. China's concentrated supply of rare-earth inputs used in electronics provided negotiating leverage and contributed to the trade armistice. Indications that Chinese goods are routed through third countries to lessen tariff exposure qualify the decline in the bilateral goods imbalance. Continued tariffs have not constrained China's manufacturing expansion or its access to export markets.
September 20, 2026
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Ten-year director tenure cap governs removal of ineligible cooperative bank board members after regulatory review.
RBI required Latur District Central Cooperative Bank to remove directors considered ineligible for exceeding the ten-year maximum tenure applicable to district central cooperative bank directors. The action invoked director ineligibility under the Banking Regulation Act. Following a complaint and a court-directed timeline for regulatory action, RBI sought responses from the concerned directors, seven of whom resigned. An issue was raised over whether the tenure cap could apply retrospectively to appointments made before its stated commencement and whether it was being applied uniformly.
September 19, 2026
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Biometric Aadhaar authentication becomes essential for domestic LPG consumers seeking regulated subsidised refill bookings, while market-price supply remains available.
Biometric Aadhaar authentication is required from October 1 for domestic LPG consumers to book subsidised refills at the regulated retail selling price. Authentication can be completed through delivery personnel, distributor showrooms or designated mobile applications. Consumers unwilling or unable to authenticate may obtain LPG at the applicable market price without subsidy after registering their choice through specified digital channels. The framework distinguishes subsidised LPG linked to Aadhaar-authenticated consumers from market-priced LPG and seeks targeted subsidy delivery, reduced leakage, and prevention of diversion, duplicate connections and ineligible access.
September 19, 2026
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Cooperative bank director tenure limits require disqualification and removal when service exceeds the statutory maximum period.
Directors of District Central Cooperative Banks and Central Cooperative Banks are subject to a maximum 10-year tenure under the Banking Regulation Act, 1949, as amended by the Banking Laws (Amendment) Act, 2025. RBI directed removal of a director ineligible to continue under section 10A(2A)(i), read with section 56, following concerns that directors of Latur District Central Cooperative Bank had exceeded the permitted tenure.
September 19, 2026
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Tariff treatment of Indian exports shifted from reciprocal duties to targeted trade measures, sectoral duties, and specified exemptions.
Upon expiry of the temporary global measure, an India-targeted 10 per cent Section 301 tariff, linked to forced-labour concerns, replaced it; the effective charge for most covered exports remained MFN duty plus 10 per cent. The current regime applies the Section 301 tariff to Indian exports except specified goods, with separate sectoral duties on steel, aluminium and auto components. Smartphones, medicines and energy products are exempt.
September 19, 2026
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PMLA-based FIR request over alleged consultancy payments remains under legal examination amid criticism of non-registration.
Enforcement Directorate sought registration of an FIR concerning alleged fraudulent payments by Cochin Minerals and Rutile Ltd to Exalogic Solutions, represented as IT consultancy fees. The request relied on evidence gathered through investigation and searches under the Prevention of Money Laundering Act. Registration remained under consideration after receipt of the Advocate General's legal opinion, with the Home Department examining the matter.
September 19, 2026
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Free trade agreements expand market access, entrepreneurial partnerships and youth career opportunities alongside public-sector recruitment and development participation.
Free Trade Agreements are presented as mechanisms for expanding cross-border partnerships, market access for entrepreneurs, and career opportunities for young persons. Youth employment is also linked to the expansion of the startup ecosystem beyond major cities and to public-sector recruitment through Rozgar Melas. Newly selected candidates are to join central government ministries, departments and organisations. Public service is framed around citizen-centred administration and decisions supporting a developed and self-reliant India.
September 19, 2026
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AI governance for regulated financial services enables natural-language automation while preserving enterprise security, auditability, control, and scalable deployment.
Assist-Edge enables teams to describe intended processes in natural language and use AI to create, modify, and enhance executable workflows. Working with reusable AI agents and workflows, it supports discovery, customisation, deployment, and scaling of enterprise automation. For banking, financial services, and insurance operations, its use is positioned alongside security, governance, auditability, and control, supporting governed adoption of scalable AI capabilities and movement from isolated experimentation to enterprise-wide intelligent automation.
September 19, 2026
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Recurring token reward distributions connect eligible holdings, platform activity, and partner participation through hourly settlement cycles.
BC Engine permits eligible $BC holdings to participate in hourly settlement rounds distributing BCD rewards. Participants can monitor active balances, cumulative rewards, unclaimed BCD, and settlement history through the Engine interface. Settlement amounts vary with ecosystem activity, while the mechanism links platform activity, token utility, user participation, and commercial partners through repeated value distribution rather than one-time promotional incentives.
September 19, 2026
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Asset monetisation of surplus public land and buildings is accelerated through transparent, value-oriented processes and stakeholder coordination.
NLMC's Board recommended monetisation proposals involving surplus land and building assets valued at over Rs. 5,000 crore. Monetisation is facilitated through asset identification, due diligence, valuation and appropriate process structuring, with emphasis on transparency, efficiency and value realisation. Sustained coordination with asset-owning entities is intended to expedite implementation and support timely, commercially appropriate monetisation of underutilised public assets.
September 19, 2026
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Zero forex markup on credit cards applies automatically to international transactions without conditions while preserving applicable rewards.
Zero Forex Markup applies automatically to international transactions made through all existing and new credit cards, without a new-card application, upgrade, spending threshold or other stated condition. International card spends do not attract forex markup charges. Reward Points or Cashback, where applicable to the relevant card, continue on international transactions. Existing credit cards may be used for overseas and cross-border payments without requiring a separate forex card solely to avoid such charges.
September 18, 2026
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Foreign exchange reserve valuation reflects currency movements as foreign currency assets and gold holdings decline.
India's foreign exchange reserves declined to USD 780.782 billion for the week ended September 11, driven by reductions in foreign currency assets and gold holdings. Foreign currency assets fell to USD 645.796 billion, with their dollar value reflecting movements in reserve currencies against the US dollar. Gold reserves also declined, while Special Drawing Rights increased to USD 18.845 billion. The reserve position with the IMF stood at USD 4.916 billion.
September 18, 2026
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Bulk sugar stockholding limits now allow expanded inventories only where additional supplies derive from designated import channels.
Bulk sugar consumers using more than 10 tonnes monthly as a raw material may hold up to 30 days' requirement instead of 15 days. Holdings above 15 days must consist exclusively of sugar imported under the Tariff Rate Quota or Advance Authorisation Scheme; sugar obtained from the open market remains restricted to 15 days' consumption. Bulk consumers must declare and disclose their sugar inventories every Friday through the food ministry's online portal.

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Congress gambit to go solo in BMC polls reshapes Opposition contest in Mumbai

December 25, 2025

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Mumbai, Dec 25 (PTI) The Congress’ decision to contest the Brihanmumbai Municipal Corporation (BMC) elections independently has fragmented the Opposition space in the Mumbai civic battle and turned the January 15 polls into a multi-cornered contest.

The party cited the alignment between the Uddhav Thackeray-led Shiv Sena (UBT) and Raj Thackeray’s MNS as the reason for opting out of the Maha Vikas Aghadi (MVA) arrangement for the civic polls.

According to political observers, the Congress’ move to go solo, focusing on local issues and ideological clarity, reflects strategic recalibration and political vulnerability. It is a bold gambit but one fraught with risk in a political landscape dominated by well-entrenched alliances and resurgent rivals, they said.

How the Congress navigates this terrain in Mumbai could have long-lasting implications for its political fortunes in Maharashtra and beyond, they said.

Historically, the Congress was a dominant force in Mumbai’s civic politics, but the last three decades have seen a steady decline in its seat share.

In the last polls in 2017, the then undivided Shiv Sena (84) and BJP (82) were neck-and-neck, while the Congress’ tally plunged to just 31 seats.

Congress leaders said they could not align with the Maharashtra Navnirman Sena (MNS) due to ideological differences, particularly over its stand on linguistic identity and migrant issues, which they argue run contrary to their party’s inclusive image.

“We cannot be part of an alliance that promotes divisive politics,” Maharashtra Congress in-charge Ramesh Chennithala has said.

The Congress strategy is aimed at consolidating minority, Dalit and migrant voters, sections that may be uncomfortable with the MNS’ links with the Maha Vikas Aghadi, said party leaders.

MVA comprises the Congress, Shiv Sena (UBT) and NCP (SP), while the Mahayuti consists of the BJP, Shiv Sena led by Deputy Chief Minister Eknath Shinde and NCP under Deputy CM Ajit Pawar.

The Congress has also indicated that its campaign will focus on local issues such as infrastructure, flooding, air pollution and alleged corruption in the functioning of the BMC.

Political analysts said that the approach allows the Congress to target the BJP-led Mahayuti alliance on governance while distancing itself from Uddhav Thackeray’s party, which controlled the BMC for over two decades until 2022.

However, the decision carries significant risks, they said. In recent elections, Opposition unity has been viewed as a key factor in countering the BJP’s organisational strength. A divided Opposition in Mumbai could potentially benefit the BJP-Shiv Sena (Shinde faction) alliance.

The Congress also faces organisational challenges in the city. Its grassroots presence has weakened over the years, raising questions about its ability to field strong candidates across all 227 wards.

Talks with Prakash Ambedkar-led Vanchit Bahujan Aghadi (VBA) for a possible understanding are ongoing, though sources say differences over seat-sharing have so far prevented a formal alliance.

A good showing in the BMC polls could help the Congress rebuild its organisational base in Maharashtra and bargaining power ahead of future elections, while a poor performance could further marginalise it in the state’s urban political landscape.

Control of the BMC is considered politically significant due to its large budget and influence over Mumbai’s civic administration.

However, the Congress’ decision could turn the BMC polls into what might have been a bipolar fight into a crowded, multipolar battle. Congress leaders insist the gamble is existential rather than tactical.

The immediate trigger was the long-anticipated rapprochement between Uddhav Thackeray and his cousin Raj Thackeray, which was formally announced on Wednesday.

For the Congress, Raj Thackeray’s aggressive “sons of the soil” rhetoric, often directed at North Indian migrants, is a problem. Party leaders argue they cannot sacrifice the Congress’s long-held positioning as a secular, inclusive force in Mumbai’s diverse electorate.

“We cannot align with forces that divide the city on linguistic lines. Our fight is for ‘vikas’ (development), not ‘vivad’ (division), Chennithala had said earlier.

Political observers said that by contesting independently, the Congress aims to position itself as the only national, secular alternative in the fray.

The party is betting heavily on the Muslim, Dalits, and North Indian vote banks, segments potentially alienated by the MNS’ presence in the opposition camp.

The deployment of Telangana Chief Minister Revanth Reddy and former MP Mohammad Azharuddin shows the party’s targeted outreach to Telugu- and Urdu-speaking neighbourhoods, signalling a return to identity-based micro-mobilisation.

The Congress plans to release detailed “chargesheets” alleging corruption and administrative failures in the BMC -- both under the current state dispensation and during the Shiv Sena’s earlier control of the civic body.

However, a multi-cornered contest could indirectly benefit the Mahayuti alliance, said political analysts.

Whether the bet to go solo pays off could shape not just the city’s civic future, but the Congress’ trajectory in Maharashtra for years to come, they added.

Elections to 29 civic corporations, including the BMC, in Maharashtra will be held on January 15, and votes will be counted the next day. PTI MR NR

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